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The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp rise in crude oil price to about…
Read More “Another Fuel Price Hike Imminent As Crude Hits $94” »
Price of petrol in the country may further increase as international market data gathered by The PUNCH revealed that oil prices has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83 per barrel. On the other hand, petrol prices started…
Read More “As Global Oil Price Gained 20%, Price Of Petrol In Nigeria To Increase Further” »